Internationale Zeitschrift für Wirtschafts- und Managementwissenschaften

Industry Report on Adoption of AI and Machine Learning-A Strategic Framework Approach

Abstract

Hemendra Pal*

This research article is an attempt to conduct a comprehensive industry analysis on AI adoption strategies by conducting an industry analysis based on various strategic frameworks, including the BCG-matrix, GE-McKinsey matrix, GE nine box matrix, balanced scorecard, and others. The objective is to gain strategic big picture on Industry clusters based on AI adoption by organizations and implementing artificial intelligence technologies effectively and provide recommendations for decision making on investments, innovation, product development and consumer insights.